Samsung is known for its display technology. The company has been operating its display manufacturing plant in China for years. However, Samsung has now shifted its display production unit to India. The company itself has confirmed the relocation through a press release. Samsung’s new move will be another addition to its ‘Make in India’ program which emphasizes on manufacturing products on Indian soil.
Samsung smartphone display manufacturing plant to be set up in NoidaSamsung’s official press release confirms the relocation of the display manufacturing unit from China to Noida (Uttar Pradesh). The company already has its manufacturing plants in the same city. The second production unit is Samsung’s largest unit in terms of smartphone production in the world. Samsung South East Asia President and CEO Ken Kang on Sunday led a delegation that met Uttar Pradesh CM Yogi Adityanath, revealing that the investor-friendly environment in the country has shifted the company. The display manufacturing unit in Noida will completely replace the existing unit in China.
How will India benefit from this move?We are already aware of the ‘Make in India’ initiative announced by PM Modi which focuses on domestic businesses to reduce the import of products. Samsung’s latest move will be beneficial for this program. The delegation also revealed that Samsung is eyeing Uttar Pradesh as its manufacturing hub in the future. This means we can expect the company’s other major manufacturing units to relocate bases in the country. The company started manufacturing smartphone displays in India in April this year. However, it is now done with a fully functional manufacturing unit for mass production. This move will also help in creating more employment opportunities in India. CM Yogi Adityanath has also highlighted this, who said that with the commissioning of the new manufacturing unit, more employment opportunities will open for the youth of the state. He further said that Samsung will continue to get support from the state government in future also. It is good to see that tech giants like Samsung are investing in the Indian market in a big way. These new ventures will prove to be a boon for the company’s economy apart from opening up employment opportunities for the general public.
[Attribution to NBT]